As of Friday close, CommScope Holding Company Inc.’s (NASDAQ:COMM) stock was down -$0.2, moving down -3.21 percent to $6.04. The average number of shares traded per day over the past five days has been 3,089,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.71 fall in that time frame. In the last twenty days, the average volume was 3,202,605, while in the previous 50 days, it was 2,761,716.
Since last month, COMM stock retreated -30.09%. Shares of the company fell to $5.91 on 03/17/23, the lowest level in the past month. A 52-week high of $13.73 was reached on 01/18/23 after having rallying from a 52-week low of $5.56. Since the beginning of this year, COMM’s stock price has dropped by -17.82% or -$1.31, and marked a new high 7 times. However, the stock has declined by -56.01% since its 52-week high.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
COMM stock investors should be aware that CommScope Holding Company Inc. (COMM) stock had its last reported insider trading activity 8 days ago on Mar 10. Watts Claudius E. IV, the Director of the company, purchased of 10,000 shares for $6.75 on Mar 10. It resulted in a $67,495 investment by the insider. Yates Timothy T added 10,000 shares at an average price of $7.86 on Feb 27. The insider now owns 118,581 shares following the transaction. On Sep 02, SVP & Chief Commercial Officer Carlson John R. bought 11,868 shares at $12.62 apiece. The transaction was valued at $149,730.
Financial Health
In the three months ended December 30, CommScope Holding Company Inc.’s quick ratio stood at 1.00, while its current ratio was 1.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 30.40% percent. In the year ended December 30, operating margins totaled -7.70%. Based on annual data, COMM earned $2.8 billion in gross profit and brought in $9.23 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.80%. Return on equity (ROE) for the past 12 months was 187.60%.
In CommScope Holding Company Inc.’s quarter-end financial report for December 30, it reported total debt of $9.58 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COMM’s revenue rose 11.59% to $2.3 billion during the quarter, while net income inched up to $2.38 billion. While analysts expected CommScope Holding Company Inc. to report $0.49 quarterly earnings, the actual figure was $0.49 per share. During the quarter, the company generated -$792.3 million in EBITDA. The liabilities of CommScope Holding Company Inc. were 13.23 billion at the end of its most recent quarter ended December 30, and its total debt was $9.67 billion. The value of shareholders’ equity is $208.46 million.
Technical Picture
This quick technical analysis looks at CommScope Holding Company Inc.’s (COMM) price momentum. With a historical volatility rate of 4.13%, the RSI 9-day stood at 23.15% on 17 March.
With respect to its five-day moving average, the current CommScope Holding Company Inc. price is down by -10.52% percent or -$0.71. At present, COMM shares trade -25.80% below its 20-day simple moving average and -50.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.14% below its SMA50 and -19.57% below its SMA200.
Stochastic coefficient K was 6.58% and Stochastic coefficient D was 5.48%, while ATR was 0.38. Given the Stochastic reading of 6.54% for the 14-day period, the RSI (14) reading has been calculated as 30.02%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.75.
Analyst Ratings
BofA Securities upgraded its rating on CommScope Holding Company Inc. (NASDAQ: COMM) to a Buy in a note to investors on January 12, 2023. The analysts firm previously had an Underperform rating on the stock.CommScope Holding Company Inc. (COMM) has been rated Overweight by analysts. According to 1 brokerage firm, COMM is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CommScope Holding Company Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $9.00 – $15.00. Based on these forecasts, analysts predict CommScope Holding Company Inc. (COMM) will achieve an average price target of $12.22.